Porch Group (PRCH) Upgraded to Strong Buy: What Does It Mean for the Stock?

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Porch Group imply an improvement in the company's underly ...